Ethereum prices saw sharp gains on Wednesday versus the USD, reaching the three-week high of $320 before pulling back towards $310. However, there was at least one person who really didn’t appreciate the gains. On Tuesday, a single user permanently locked down dozens of digital wallets containing nearly $300 million dollars worth of ether by accident. The lost money was in the form of Ether was kept in digital multi-signature wallets built by a developer called Parity. These wallets require more than one user to enter their key before funds can be transferred. Effectively, this user accidentally stole hundreds of wallets simultaneously, and then set them on fire in a panic while trying to give them back. Wednesday’s gains on Ethereum’s value, however, gave the trading community hope that the two-week consolidation may be coming to an end. This could be more promising if the EHT/USD confirms above the daily Ichimoku cloud in the coming days. Thanks for watching, invest responsibly, and I’ll see you with more updates next time.
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